Hello guys,
Yesterday I made a post to suggest you do some Christmas shopping (Christmas sale is on:).... Cryptocurrency market lost 170 billion USD in less than 24 hours!) as all the crypto was on a massive sale with only 2 coins being in green from the top 100 coins. 24 hours later we have the exact opposite situation. The majority of the coins got back whatever they lost with only 1 single coin being in red at the time of writing.
What an amazing world the crypto can be. I hope my fellow Steemians were able to do some Christmas shopping and were able to buy at some great rates. I wish Merry Christmas to all of you. We did have an amazing year and I am more than confident that the next will be even better! Life changing gains are to be made in crypto.
Please feel free to check out some of my other recent posts.
Please stay vigilant and help to fight plagiarists on Steemit! 請保持警惕，並幫助打擊Steemit上的抄襲者！
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Tomas
CEO & Founder of CGH
SBD is still red :(
yeah i do my Christmas shopping happy Christmas to all my friends.
I heard the crypto markets dropped due to a large influx of selling from the Litecoin CEO who ended up selling all of his tokens so that he was not benefiting from influencing the market with his statements. I find this interesting yet not probable as I was following the fall and believe it stemmed from a sell off but then the investors in Bitcoin cash whom I believe are more novices sold out early as they feared the drop was something greater and like most crashes started a massive sell off of the tokens. But if you look at the charts Bitcoin cash is by far the most severe of drops and rises making it the most volatile to trade right now.
that's good news
But
the e-currency market has entered large whales that have billions of dollars. These whales play in the market
For example, they buy currencies with their huge money
after that a big rise in the currency,
We, as investors, buy these currencies, believing they will explode more
Whales withdraw their money after making big profits
There is a significant drop in the currency and losses for us as investors
As happened on the previous Friday
@czechglobalhosts
I only buy coins when I've read what their purpose is and I agree it will be good. There are too many junk coins. The only exception to that for me is reddcoin, which is a junk coin, imo. However, I traded it at 9-10 sat over and over again, because it was easy to get 11% gains regularly...just wish I would have held my tens of thousands of coins until it hit 80 just recently. My $200 ish in there would have turned to $1600... Anyway, who cares if there are whales doing what you explained. If that's the case, it makes it a very predictable market and you should be able to follow what they do...if you're getting huge losses, I don't think you're paying attention or waiting long enough to cash out at the top. Or, perhaps you have to hit the lottery with every coin...I enjoy 5-10% ROI's and am satisfied. I don't need 1000% return on my money every month (though I wouldn't hate it if I did). Too many people put down people with money as if it was a bad thing. It's not. If it was, donate all your money to me so you can be "good."
Wow.. This is really explanatory. I get your view now
That is true, just a typical pump and dump scenario.... That's why it is important to only invest in projects with a solid product, backing by an amazing team and huge upside potential.... Those won't be easily manipulated once they grow into tens or even hundreds of billions of dollars.
how do you feel about the declining bitcoin price.
and how your prediction of bitcoin in 2018 will come,
whether decreased or otherwise,
What is your opinion?
I am not worried about drops at all... we are in a massive bull market that is only leaving the station. Trillions of dollars will be entering in next 2 to 3 years and huge volatility is expected..... I wouldn't`t be surprised if BTC hits 100 to 200K by the end of the next year. This is not an investment advice, only my thoughts. Invest well and good luck. Tomas
merry christmas.......
be happy in this christmas
Merry Chrsitmas to you! Joy and happiness!
That's huge new for cryptocurrency investors. Last two days I saw red liner crypto market. But after saw your update I'm glad again. I have disappointed last 02 days. I thought crypto market dropped ASAP. But again rising.
Marry Xmas to you!!!!!
Merry Chrismtas! Nothing to be worried about..... just a boring day in crypto world, lol......
Thank you for sharing it with us! I'm curious, which cryptocurrency is writing red numbers?
Right now when replying to your comment? None, haha.... Crazy gains...only in crypto you get gains of tens of percent a day....and it is so predictable...after a big drop the big rise comes...
@czechglobalhosts Thanks for the update , Which currency is profitable ? , if someone wants to invest today !
No need to wonder too much and look too far. You are using it right now:)...
Steemit ! is i am right ?
Crypto backed again. Time for go shopping and earn more. Will see crptos mooning. All are hoping that.
Happy Christmas to you @czechglobalhosts.
Merry Christmas and safe trading!
That crypto plunge was quite a scare. It was so so scary. And them coming back on the green in no time is really cool. I see a very great rise next year
To be perfectly hones I was not expecting such a fast reversal.... huge money will be coming in next year.. we have seen nothing yet.....
I tell you..The reversal was so unexpected.Next year seems unpredictable for me though.I believe prices will moon quite alright.But i dont know if there'll be major rises , like record breaking all time highs.
yes i agree with you , espaicailly XRP , With news of XRP being picked up by coinbase and the recent gains we might be able to break into a new structure higher. Key resistance to break higher will start at the 1.25 USD. If we can break that we will have to see where our first pullback is.
Ultimately our long term forecast is $2.45, then $3.12, and shortly after $3.55. I have been trading ripple (XRP) since .15 when the market cap was under 1 Billion. Good Luck and trade safe.
Ripple is one of my key holdings in my portfolio. I have been in since 0.11 USD and never doubted the product even when price was not rising and everyone was spitting at it. It is one of the strongest coins out there. Great to see you are supporting it as well. Tomas
It really was a great time to enter a longer term position! We haven't bounced back quite as far as I would have liked, but it still gave some nice gains already! Hopefully it can keep rallying, but make sure you take some profits off the table if you got in before this nice rally! You want to have some money to toss in if it keeps falling :)
Not me, I keep my money in the best projects out there which I truly believe in.... Hodling through those sell offs....
That is a completely fair strategy! :) Cryptocurrency is such an amazing space, and as long as you are able to get a piece of it I think you will do great! What projects do you believe in most? if you don't mind me asking that is :)
Bought a ton of alt-coins at discount prices yesterday, it was the most obvious time to buy them maybe ever!
Glad to hear that! I am little disappointed to see you are not hiding any Steem though... It is quite unfortunate that not a huge number of users are investing in the platform... It will take few strong buyers to invest few hundreds millions into the platform and the price of Steep will end up where it is suppose to be - MOON:)... Good luck to you
christmas shopping is all about joys!!
Yesterday was blackfriday on coinmarketcap :)
That's certainly a little relief I felt we would see the red till end of december
good job.resteemed this update
Back to normal now?? I think it is not over. Until new year.
i hope you thought a great idea.i appriceate you.resteem and upvote.
Yes...that is good news for all crypto users..
I think crypto market give to us hudge gift...I think btc can archive 20000$ mark again....in christmass night...
I hope it...I wish It...
What do u think about?.. @czechglobalhosts sir...
My opinion is for those that have coins should keep it,2018 all the coins will rise up again..be wise!!!
buen resumen amigo gracias por esa
Thank you for sharing bro I like it post good brother 👍
My regret I did my shopping little early.
Have a nice and successcuf day, if you want you can to make donation for poor kids / on my post you have everything about that.
I like much more this green color :), the red one is a little Meh when we are talking value of tokens...
I used the chance to buy more dash and ripple. When bitcoin prices go down, I hold onto my mined bitcoin. When the price goes up, I use the mined bitcoin to buy, essentially, a discounted mining power. It's great if you play both sides of the market. Long live volatility!
I've observing the crypto market for a while and made a post about bitcoin hiting 20k soonest. This type of drop is not unusual in the crypto market. However this is one hell of a jump 20 - 14k. While we expect bitcoin to get back up. Wonder how long it will take
Important post.You always upload helpful post....I make your fan also....